Ah can see the underground part of the mining licence must be 34542-HQ-SML which is deferred. Makes sense.
Colin does sometimes send out late RNS's as in late in he day. IT is also approved in 20th May, so maybe they are waiting for that.
Superb! So all steam ahead. :)
Very happy today. Money will be coming our way every month very soon. AND £2.1 million at the end of April. Perfectly timed
Ah may not be the one we wanted. Our licence was covering the Luansobe Copper Project, Zambia comprising Small Scale Exploration Licence No. 28340-HQ-SEL. This licence approved for Statunga is 34543-HQ-SML
Get in!!! thats the final hurdle.
Well on track for September operation now.
A while back. First quantums mine closure having a drastic effect on copper prices. just need Colin to start selling our assets at a huge premium now!
https://markets.businessinsider.com/news/commodities/copper-commodity-price-rally-outlook-metal-green-industry-first-quantum-2024-4
If the government want to help UK stocks recover, they should ban shorting. Its a ridiculous idea.
The 62p forecast is amazing really, especially if you get in at this price
12% Divi per annum! Try finding that anywhere else.
Im expecting more than £150 million to be honest for all that, but its a start :)
Sale of KCB licences and award
Sandfire Resources have agreed to purchase the entire portfolio of Galileo's KCB licences for a sum of £100 million.
In addition to this, an 'AWARD' payment will be paid of £50 million in relation to a licence Galileo sold to Sandfire which was found to contain large amounts of high grade copper.
Something along the lines of the above Colin is what I am after :)
Bargains when it touched 5.05. Onward and upward. I reckon this will start to head back to £6.30 as they are doing really well with their achievments
Interestingly I can find one for Siege mining. Wonder what that was for. What are they doing with our Star Zinc too!
885 28575-HQ-SEL Siege Mining Limited Cancelled Non Compliant
I shouldnt be too worried, CB tends to drop RNS's at any point of the day. Kind of nice in a way as I don't get the 7am glooms.
Other company is increasing in price, old Galileo still stuck on 1.1p. Come on Colin, lets have some sale news! I have £3000 worth of divis coming from one of my FTSE100 companies with a further £3k later in the year. I am hoping the increase here on any good news will blow that out of the water!
Thanks Trek much appreciated. Im 46, but like you winding it down now aiming for a 55 years old retirement. Compounding now as much as I can in the next 9 years.
How many have you got Trek out of interest? I have put £60k in here now at average of £5.13 so I'm happy with that. Should give me £6k of divis every year that at the moment I am re-investing, but will eventually use as extra dosh per year for my retirement. At the moment, trying to make the most of the compound interest.
Before something big happens here. https://www.ii.co.uk/analysis-commentary/mining-shares-demand-gold-and-copper-extend-rallies-ii531272
We have hugely high quality projects. And all in the right areas for the forthcoming new age metals boom!
Over at XTR. JV announced with a company acting in cooperation with Cooperlemon Consultancy Limited. We seem to be getting quite pally with them of recent. They are the people that said Luansobe would be operational by November. Good we (or Colin) at least are working with a firm who is seemingly getting things done.
We just need our news now Colin :)
5 months until we have money coming in from Luansobe!! That would be a gamechanger for GLR. I do suspect news of some other lovely sale of one of our many high quality projects before then though.
IRH related:-
The copper Waste Rock Project scope targets the processing of in excess of 260 million tonnes of copper containing surface material.
I wonder where some of this copper might be coming from :)
Luansobe all being well.